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Moody's Close to Leasing 80k SF at 1WTC

New York

It looks like Moody's Investor Services is about to ink a deal for two floors at 1 World Trade Center, totaling 80k SF. If the reported lease deal comes to fruition, it would be the tower's largest deal since November 2014, when High 5 Games signed on for 87.6k SF. The future was looking bright for 1WTC in its earliest stages, when mega-tenants like Conde Nast and the GSA signed on to help quickly fill up some of the tower's 3M SF. It is reportedly about 63% leased. However, leasing has slowed down recently, the New York Post reports. Now the Durst Organization is under pressure to get roughly 150k SF of new leases on board by the end of 2015, to avoid potentially being bought out by the Port Authority. The potential lease deal would be a space upgrade for Moody's, which is headquartered across the street, at Larry Silverstein's 7 World Trade Center. [NYP]